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The world was shocked this past week when mother and daughter Hollywood icons Carrie Fisher and Debbie Reynolds passed away within just one day of each other. That shock turned to outrage when tasteless tweets by Cinnabon and comedian D.L. Hughley emerged via the online platform. Two Hollywood Icons Pass As we recently reported, famous Hollywood actress Carrie Fisher, who most famously appeared as Princess Leia in […]

RIO DE JANEIRO Rio de Janeiro investigators suspect that Greece’s ambassador to Brazil was murdered at the behest of his wife and a police officer with whom she was romantically involved, Globo TV reported on Friday, citing police sources. Greek Ambassador Kyriakos Amiridis, 59, had been missing since Monday night. His Brazilian wife, Françoise, reported him missing to police on Wednesday. The pair have a 10-year-old daughter. […]

ANKARA Turkey would welcome the United States at Syrian peace talks planned in Astana, Kazakhstan, but the Kurdish YPG militia should not be involved, Turkish Foreign Minister Mevlut Cavusoglu said on Friday. “From the start, we have told Russia that a terrorist organisation like the YPG should not be in Astana,” Cavusoglu told reporters in the southern city of Alanya, in comments broadcast live on television. “If […]

For a glimpse into just how insane modern finance and capital markets are, look no further than Italy’s thrice insolvent (in three years) bank Monte Paschi, which after failing to finalize a private, is finalizing the terms of its nationalization with the Italian government: a rescue which will cost Italian taxpayers at least €6.6 billion, and likely more. The bailout, however, is not the punchline. What is, […]

By Selam Gebrekidan | TOREKOV, Sweden TOREKOV, Sweden For more than a year, Girmay Mehari dreaded his 18th birthday next February. The teenager escaped from an Eritrean jail two years ago after he was sentenced to an indefinite term for evading national service or plotting to escape the country. The police never spelled out the charges. With money his brothers raised in New York and Israel, Girmay […]

Vladimir Putin said Russia will not expel any US diplomats in response to sanctions imposed by Washington, in an extraordinary move aimed at limiting the fallout from the Kremlin’s clash with the Obama administration over the hacking of this year’s US presidential election. The Russian president made his announcement on Friday despite foreign ministry proposals for the expulsion of 35 US diplomats. Sergei Lavrov, foreign minister, said […]

BEIJING China’s Ministry of Agriculture said on Friday the recent outbreaks of bird flu have been handled in a “timely and effective” manner without spreading and have not affected chicken products or prices. In an emailed statement to Reuters, the government department said the situation in the world’s second-largest poultry consumer was “stable”. The comments come as South Korea and neighbouring countries battle outbreaks of various strains […]

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Italy’s antitrust chief has called for EU member states to set up a network of public agencies to combat fake news. Giovanni Pitruzzella said the regulation of false information on the internet was best done by the state rather than by social media companies such as Facebook.  In an interview with the Financial Times, Mr Pitruzzella, head of the Italian competition body since 2011, said EU countries […]

The number of new mutual funds launched in the US fell sharply in 2016, reflecting the crisis of confidence in active management and the shift by investors into exchange traded funds. The number of mutual funds shutting down has also jumped to levels not seen since the financial crisis, according to the latest figures from the research group Morningstar. The result is that the total number of […]

HONG KONG China’s Huawei Technologies Co Ltd [HWT.UL], one of the world’s largest telecom equipment makers, said on Friday it expects 2016 revenue growth to slow slightly to 32 percent and forecast greater uncertainties next year. The Shenzhen-based company, which competes with Sweden’s Ericsson (ERICb.ST) for the top spot in the global market for telecoms equipment, sees 2016 revenue hitting 520 billion yuan ($74.8 billion), said Eric […]

“I just think for us, we’re not afraid of the name on the jersey,” Maryland Coach Brenda Frese said. “And that’s three-fourths of the battle.” Continue reading the main story The idea was more than just wishful thinking. Unlike last season, when Connecticut stood well ahead of the pack in both offensive and defensive points per possession, the Huskies trailed the Terrapins on both counts entering the […]

The Singapore government has invested significant resources and efforts in building up a thriving startup environment, but its inhabitants must now take risks and look beyond local shores. Jeffrey Paine, general partner at Golden Gate Ventures, believed Singapore’s startup scene had progressed well over the last six to eight years. He said a number of successful startups had grown and executed well in the region, as well […]

The Malaysian opposition has attacked a state company’s investment in a palm oil project in Indonesia, saying it is a costly handout to a foreign businessman connected to Prime Minister Najib Razak. Malaysia’s state-owned Federal Land Development Authority, known as Felda, plans to buy a 37 per cent stake in Eagle High, controlled by Indonesian conglomerate Rajawali Group, for $505m. The deal will be financed by the […]

Wall Street’s most important equity barometer is on track for its biggest annual recovery since the beginning of the bull market, underscoring the sharp turn in investor sentiment following the worst start to a year on record. The S&P 500 index is poised for an 11 per cent gain in 2016, shaking off a brutal start that at its lowest point in February left it down 10.5 […]

If the loftier visions of Silicon Valley’s most ambitious internet companies turn into reality, the stratosphere is about to become a very crowded place. Amazon has joined the sky-bound dreamers with an idea that sounds like it has been drawn straight from the pages of science fiction: airship warehouses floating high above the clouds, feeding a fleet of drones that whisk purchases straight to the buyer. The […]

With the US Federal Reserve raising interest rates, and President Mario Draghi of the European Central Bank seemingly unable to escape his addiction to quantitative easing policy, many investors are questioning who wants to buy the euro. The answer is simple. The whole world is eager to buy the euro. The problem in 2017 is more likely to be finding anyone who wants to buy the US […]

The last time I wore glasses with a camera built into them, it was Google Glass. The idea, hype, and eventual demise of Google Glass was spurred on by privacy concerns, lack of true augmented reality capabilities, and just how plain goofy the gadget made users look. Snap, the company formerly called Snapchat, is looking to create its own path of wearable cameras with Spectacles. The $129 […]

The Syrian government and rebels have agreed a ceasefire brokered and guaranteed by Russia and Turkey, marking a potential breakthrough in efforts to end a near six-year conflict that has claimed more than 400,000 lives. Russian President Vladimir Putin said a truce would come into effect at midnight on Thursday, adding that Syria’s warring parties had signed documents detailing how it would be monitored and declaring their […]

Russia is set to round off a year of rejuvenated global standing with the distinction of watching its currency stand apart from other major economies and resist US dollar strength. The rouble has been the only major currency to appreciate against the dollar since the end of September and, so far this year, has outperformed rivals, up more than 21 per cent against the dollar to Rbs60.48. […]

M&A: back with a bang Deal activity was vigorous with much of it concentrated just below the level of the industry’s biggest companies. Nasdaq bought International Securities Exchange for $1.1bn, while CBOE Holdings announced a $3.2bn deal for Bats Global Markets in September. Of most significance, the pending €24bn tie-up between London’s LSE Group and Deutsche Börse, which will create Europe’s largest exchange. As the chart above […]

Shares in Toshiba fell 17 per cent to ¥257 on Thursday, taking the total loss of equity value to more than 40 per cent since the Japanese company announced that it was facing a multibillion-dollar writedown at its US nuclear division Westinghouse. As investors continued to digest Tuesday’s warning, shares in some of Japan’s biggest banks slid after the electronics-to-nuclear conglomerate raised the prospect of losses on their […]

On the other were Mr. Netanyahu and Mr. Trump, firing back at what they deemed a hypocritical betrayal of America’s closest friend in the Middle East. Continue reading the main story If Mr. Obama and Mr. Kerry were playing for history, Mr. Netanyahu and Mr. Trump were playing for time. The departing administration intended for the speech to lay out a path to peace that they had […]

ISTANBUL Prominent Turkish journalist Ahmet Sik on Thursday said he was being detained by authorities over a Twitter statement he made while an opposition lawmaker who spoke to him said the reporter was being accused of terrorist propaganda. At least 81 journalists are imprisoned in Turkey, according to the New York-based Committee to Protect Journalists (CPJ), with more than 130 media outlets shut since a failed coup […]

SHANGHAI China’s environment ministry on Thursday warned northern regions to get ready for emergency action to tackle another bout of heavy smog expected over the New Year. Large parts of the north were hit by hazardous smog in mid-December, and authorities ordered hundreds of factories to close and restricted motorists to cut emissions. “Unfavorable weather” was expected to bring more smog to the Beijing-Tianjin-Hebei region, as well […]

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